China’s loan collateral tweak will ease ‘asset famine’, state media says
China’s central bank’s decision to lower the collateral requirement for medium-term loans will alleviate the “asset famine” pressure on the bond market, […]
European banks’ earnings in spotlight after big share price gains
Europe’s biggest banks report their second-quarter earnings this week, with all eyes on whether the gains from higher interest rates have run […]
Brown & Brown’s quarterly profit jumps 35% on higher commissions, fees
Insurance brokerage Brown & Brown’s (BRO.N), opens new tab second-quarter profit increased about 35% on Monday as the company earned higher commissions and fees […]
UniCredit to cut staff numbers in central finance division to reduce costs
Italian bank UniCredit (CRDI.MI), opens new tab is reorganising its finance division and cutting staff numbers, an internal memo showed on Monday, after CEO […]
Hong Kong government raises US$3.2 billion via multicurrency green bond
Hong Kong’s government raised US$3.2 billion via green bonds denominated in US dollars, euros and offshore yuan in the city’s latest push to establish […]
Woodside Doubles Down on U.S., LNG With Tellurian Takeover
Energy said it intends to acquire Tellurian and its proposed liquefied natural gas development in the southern U.S. for around $900 million, […]
UK clears Nationwide Building’s $3.75 bln Virgin Money deal
Britain’s competition regulator said on Friday it has cleared Nationwide Building Society’s (NBS.L), opens new tab proposed 2.9-billion-pound ($3.75 billion) all-cash deal to buy […]
China’s revenue from government land sales down 18.3% year on year
China’s government posted an extended decline in land sales revenue in the first half of 2024, finance ministry data showed on Monday. […]
China hedge funds brace for upheaval from tough new rules
China’s $715 billion hedge fund industry is facing renewed pressure from stringent regulations coming into effect next month, forcing some investment firms […]
European Central Bank keeps rates unchanged
The European Central Bank (ECB) has kept interest rates unchanged at 3.75%. However, prospects from the bank’s September meeting were “wide open”, ECB President […]
Big US bond managers steer clear of long-dated government debt
A number of U.S. bond managers at firms in charge of trillions of dollars of assets are steering clear of long-term U.S. […]
Goldman Sachs names senior dealmakers in reshuffle, memo says
Goldman Sachs has made a handful of senior leadership appointments within its investment banking team, according to an internal memo seen by […]